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DRC: Five gold exploration permits acquired

DRC, exploration, construction, mining, gold, africa, african, congo, shamikaShamika2Gold and Shamika resources agree on beginnings of international expansion project

Shamika2Gold and Shamika resources agree on beginnings of international expansion project

Shamika2Gold Inc. has entered into a definitive agreement with Shamika Resources to acquire five gold exploration permits in the Democratic Republic of the Congo (DRC) for a total consideration consisting of 15mn shares of Aultra Gold, a $500,000 promissory note and a 2.5 per cent net smelter return (NSR) on exploration licenses PR-10190, PR- 10192, PR- 10185, PR- 8708 and PR- 3619 covering a total of 830 km2.

Robert Vivian, Chief Executive Officer of Shamika2Gold, Inc. and founder of Shamika Resources, Inc. stated, "The development of projects in the DRC is a first step in our strategy to expand internationally through acquisitions into other parts of the world with attractive early stage gold production resources opportunities.”

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